SEATTLE HOUSE VALUES AT LOWEST SINCE '06 ECONOMIST PREDICTS DROP IN REGION WILL PEAK AT 11 PERCENT.(News) From: Seattle Post-Intelligencer (Seattle, WA) | Date: April 30, 2008| Author: Cohen, Aubrey | COPYRIGHT 2008 Seattle Post-Intelligencer. All rights reserved. Reproduced with the permission of Thomson Scientific by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: AUBREY COHEN P-I reporter

The typical Seattle-area house was worth less in February than at any time in almost two years, according to a national index.

February's values were down nearly 1 percent from January and 2.7 percent from a year earlier, according to Standard & Poor's S&P/Case-Shiller Home Price Indices, released Tuesday. The annual drop was the largest in the history of the Seattle index, which goes back to the start of 1990.

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